Grant Thornton UK LLP, the company looking after the administration of Sunrise Radio Limited (and others), is expected to announce the successful party taking ownership of the troubled brand.
BizAsia understands that the administrator finalised the sale of the stations over the weekend and will announce to the media later today.
BizAsia spoke to two parties that are in the running for Sunrise Radio Limited, both of whom said they were looking forward to the announcement. One of the parties, Lyca Mobile, is rumoured to be splashing out nearly �7 million for all the stations in administration.
The companies under administration are:
1. Sunrise Radio Limited
2. London Media Company Limited
3. Kismat Radio Limited
4. Time FM 107.5 Limited
5. Tristar Broadcasting Limited (together the ���Companies�)
Buzz Asia Limited, which trades as Sunrise Radio 2 is the only safe station not facing administration.